Country Report
Mapping Latvia's bio-based potential
Latvia offers substantial opportunities for the bio-based industry. Situated on the banks of the Baltic Sea, Latvia’s landscape is mostly plains and undulating midlands. Roughly half of the country is covered by forests, while around a quarter of the country is agricultural land.
Agriculture, forestry and chemical industries are among the strong drivers of Latvia’s economy. Also present are a healthy blue economy, food and beverages, food-processing and wood-processing industries. Despite being mostly a services economy (80% of GDP) and having a highly urbanised population (76%), agriculture and forestry still play an important role in the country’s economy, accounting for 4% of GDP and 7% of employment (higher than the EU average).
These industries are a sound basis for a bio-based industry in Latvia. The presence of a well-organised innovation support infrastructure contributes to a significant list of ingredients for a sustainable bio-based sector. In addition, the country was the first among the Baltic states to issue a bioeconomy strategy that should be great support for local, regional and national bio-based operations.
Click on the link above to consult the report and get the full perspective on Latvia's bio-based potential.
An Latvian language version of the Executive Summary can be consulted here.
The national press release in Latvian announcing the launch of the report can be consulted here.
Report details
Topic
Published by
BIC
Copyright
BIC 2020
